Dubai Chamber of Commerce and Industry said its members’ exports and re-exports in November reached Dh23.2 billion, showing a year-on-year growth of 11 per cent and month-on-month growth of 6 per cent. The GCC was the largest export destination of members, with total export to the region reaching Dh14.8 billion, accounting for 64 per cent of the total monthly exports thus registering a growth of 23 per cent compared to November 2013, and 8 per cent compared to October 2014. Leading the Read more [...]

Manama, Dec. 23 -- (BNA): The Central Bank of Bahrain (CBB) on Monday announced that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 36 million issue which carries a maturity of 91 days has been oversubscribed by 190%. The expected return on the issue, which begins on 24 December 2014 and matures on 25 March 2015, is 0.72%, equivalent to 0.72% for the previous issue. The Read more [...]

India traditionally enjoyed cordial relations with all Gulf states. India has historical, geographical, cultural relations, besides people to people contact with Gulf countries. Centuries old direct trade and social interaction between India and GCC states has historical background, which further got strengthen with the oil exploration and steady economic development in the Gulf states. This further led to India's increasing presence in the Gulf countries Read more [...]